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RDP 1977-05: Modelling Monetary Disequilibrium
Equation
D
1
=
α
4
[
α
5
(
(
1
−
β
7
)
(
y
−
g
1
)
L
−
W
P
)
+
α
6
(
β
10
g
g
o
e
λ
1
t
)
+
λ
1
−
]
]
+
γ
3
(
log
m
^
−
log
M
P
)
+
β
11
(
log
v
^
−
log
v
)
v
^
=
v
0
S
S
=
d
+
DK
+
x
+
g
1
+
g
2
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